7 Ormont Lane
About This Property
Inside, updated Eat in Kitchen w Quartz counters, white cabinets, and new appliances. The new Primary and Main bathrooms add a touch of luxury to everyday living. The family room, complete w a sliding door leading to a private yard, provides a cozy space for relaxation/entertainment.
The outdoor space is equally impressive, with new paver walkway, an oversized patio with a gazebo, fenced yard, new exterior lighting plus new driveway. making it perfect for outdoor gatherings and enjoyment. Conveniently located near all amenities and within walking distance to the bus, yet nestled in a private location, this home offers the best of both worlds. Don't miss the opportunity to make this exquisite property your new home!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 11, 2024 | Listed by Weichert Realtors-Holmdel | $699,900 | |
| Listed by Weichert Realtors-Holmdel | |||
| Jun 1, 2015 | Sold | ||
| Sold | |||
| Feb 14, 2015 | Listed by Coldwell Banker Realty | $389,000 | |
| Listed by Coldwell Banker Realty | |||
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Great curb appeal and a “feel good” warm and inviting home! A winning combination! A significant addition includes a very spacious family room with a slider to the backyard, a den and fourth bedroom. You’ll love the huge beautiful kitchen opening to the family room and featuring abundant cherry cabinetry, Corian counter tops, full appliance package and ceramic flooring. The spacious master bedroom boasts two walk in closets and a newer bath with stall shower. There is warm & toasty radiant heating on the first level and desirable hot water baseboard on the upper level. If needed, the den can be used as a fifth bedroom! Great shopping, dining and train or bus transportation minutes away! ONE YEAR AHS HOME WARRANTY TO BUYERS!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017